Schiff’s shareholders are due to receive $34 per share in cash — 47% above the closing price on Oct. 26, 2012. Schiff did not elect to pursue other offers but does have the right to look at unsolicited competing bids through Nov. 28.

The move will bring brands like Schiff vitamins, MegaRed and Move Free — as well as Tiger’s Milk — under the fold of Bayer’s consumer health unit. All in all, Schiff could add around $260 million in sales based on 2011 results, though the company expected revenue growth of between 43% and 46% bolstered by its purchase of cold-prevention drug Airborne, according to Bloomberg.